North Peak Re-Engages ICP Securities for Automated Market Making Services

North Peak re-engages ICP for market making at C$7,500/month; mining plan remains unchanged.

What the company is saying

North Peak Resources Ltd. is announcing that, effective October 15, 2026, it has re-engaged ICP Securities Inc. to provide automated market making services using ICP's proprietary algorithm, ICP Premium®. The company specifies that ICP will be paid a monthly service fee of C$7,500 plus applicable taxes, with no equity, options, or additional compensation involved. The agreement runs for an initial four-month term and will automatically renew for one-month periods unless either party gives thirty days' written notice to terminate. ICP is described as an arm's length party with no current interest in North Peak or its securities, though it and its clients may acquire such an interest in the future. North Peak also confirms that its existing agreement with Independent Trading Group (ITG) will end October 31, 2026, with ITG continuing services until that date. The tone is factual and procedural, focusing on contractual terms and regulatory compliance rather than promotional claims.

What the data suggests

The only quantified financial commitment is the C$7,500 per month service fee to ICP, with no performance incentives or equity compensation. The contract is short-term, with an initial four-month period and rolling one-month renewals, allowing for flexibility and minimal long-term obligation. The operational update confirms that North Peak's Prospect Mountain Mine Complex holds a Plan of Operations permitting surface exploration over 189 acres and underground mining of up to 365,000 tons per annum, but no new production or exploration results are disclosed. The CRD mineralization is oxidized to at least 610m (2,000ft), but no resource or economic figures are provided. The announcement is transparent about the market making transition and operational entitlements but does not present any new financial, production, or exploration milestones. There is no evidence of a material change in company trajectory or liquidity beyond the procedural change in market making provider.

Analysis

The announcement is a factual disclosure of a new market making agreement with ICP Securities Inc., including all key contractual terms, fees, and the transition from the previous provider. The language is straightforward and does not exaggerate the significance of the agreement or overstate potential benefits. The only forward-looking statements are procedural (renewal/termination clauses) or hypothetical (ICP may acquire an interest in the future), none of which are promotional or aspirational in nature. The operational update on the Prospect Mountain Mine Complex is descriptive, referencing existing permits and technical facts, not future projections. There is no attempt to link the market making agreement to share price performance or broader company success. No large capital outlay or long-dated, uncertain returns are discussed in this release.

Risk flags

• ●The market making agreement is short-term and can be terminated by either party on thirty days' notice, creating potential for service discontinuity or frequent changes in provider, which could affect share liquidity if not managed smoothly.
• ●ICP and its clients may acquire an interest in North Peak's securities in the future, which could introduce perceived or actual conflicts of interest, though ICP currently holds no such interest and is described as arm's length.
• ●No new operational or financial milestones are disclosed for the Prospect Mountain Mine Complex, so investors have no updated information on exploration progress, resource definition, or near-term catalysts, limiting visibility into value creation.

Bottom line

This announcement signals a routine transition in market making services, with ICP Securities Inc. replacing ITG as of October 15, 2026, at a cost of C$7,500 per month and no equity or performance incentives. The contract is flexible and low-commitment, minimizing long-term financial exposure. Operationally, North Peak's permitted activities at Prospect Mountain remain unchanged, with no new exploration or production results reported. The disclosure is clear on contract terms and operational entitlements but does not provide new information on company performance or value drivers. Investors should view this as a procedural update rather than a catalyst for share price or operational change. The most important takeaway is the continuity of market making services with minimal financial or operational impact.

Announcement summary

(TSXV:NPR) North Peak Resources Ltd. has re-engaged ICP Securities Inc. effective October 15, 2026, to provide automated market making services, including use of its proprietary algorithm, ICP Premium®, in compliance with TSX Venture Exchange policies and applicable securities legislation. Under the market-making agreement, ICP will receive a fee of C$7,500 plus applicable taxes per month. The agreement has an initial term of four months starting October 15, 2026, and will automatically renew for additional one-month terms unless either party gives at least thirty days' written notice prior to the end of the current term. The agreement may also be terminated by either party on thirty days' prior written notice. ICP does not currently have any interest, direct or indirect, in North Peak Resources Ltd. or its securities, nor any right or intent to acquire such an interest at this time, though ICP and its clients may acquire an interest in the future. There are no performance factors or equity incentive compensation or other compensation, other than the service fee, being granted to ICP in connection with the agreement. ICP is an arm's length party to North Peak Resources Ltd. ICP's market making services will primarily address temporary imbalances in the supply and demand of North Peak's common shares. ICP will be responsible for its own costs in buying and selling the company's shares, and no third party will provide funds or securities for these activities. North Peak's existing market making services agreement with Independent Trading Group (ITG), Inc. will terminate effective October 31, 2026, with ITG continuing to provide services through that date. North Peak Resources Ltd. is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange under the symbol 'NPR' and the OTCQB under the symbol 'NPRLF'. The company's flagship property is the Prospect Mountain Mine Complex, located in the Battle Mountain-Eureka trend in the Southern Eureka Gold Belt, USA. The property features three styles of mineralization: gold, silver Carlin style; Carbonate Replacement gold, silver, lead, zinc (CRD); and carbonate hosted Porphyry Related Skarn lead, zinc, and gold mineralization. CRD mineralization at the property is heavily oxidized to depths of at least 610m (2,000ft) below the ridge line. A Plan of Operations is in place covering part of the property, allowing for surface exploration totaling 189 acres, underground mining of up to 365,000 tons per annum, and certain infrastructural works. The NI 43-101 Technical Report on the Prospect Mountain Property, Eureka County, Nevada, USA, dated April 10, 2023, provides further geological and mineralization details.

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